Financing Solutions for Those With Challenged Credit
Worried About Bad Credit Loans in RI? Let Balise Toyota of Warwick Give You a Second Chance
The world of financing can be a scary one of you have less-than-perfect credit; some lenders won’t give you the time of day unless you have a 700 rating or above. But for too many drivers in Warwick, Providence, Cranston, North Kingstown, and Pawtucket, bad credit wasn’t caused by irresponsible spending or forgetfulness–sometimes, life just gets in the way. Credit scores can be tanked by massive student loan debt, by medical bills, by a bold venture into a new business, and by things that are simply unavoidable.
That’s why we want to help you get a second chance, while getting into a reliable and safe vehicle.
With both new Toyota deals and used car specials available daily on dozens of vehicles in inventory, Balise Toyota gives you more ways to find a vehicle that fits into your budget, and even fits your lifestyle.
We’ll worry about the rest.
Do I Qualify for Financing, Even If I Have Thin or No Credit?
At Balise Toyota of Warwick, we’re committed to being a responsible lender–after all, we’re not just matching strangers with loans. We’re helping the members of our community, our friends and neighbors, to get the financing they need for a safe everyday driver so that they can get to work, run errands, and pick up the kids. We don’t take that job lightly.
Other Frequently Asked Questions
Here, we answer top questions from drivers just like you about bad credit loans in Warwick:
Can I get a car loan or lease with bad credit?
Absolutely; we work with a variety of lenders to be sure that we can find a solution that works for you. Don’t be scared off by your credit score. We work with drivers in your situation all the time, and we know just what to do
Will financing a car hurt my credit?
The only way that financing a car will hurt your credit is if you apply, get a loan, but do not pay it–otherwise, timely monthly payments on a loan are the fastest way to boost your credit score!
Does my low credit score mean I’ll see higher financing rates?
On average, the lower the credit score the higher the rates. However, that doesn’t mean your rates will be unmanageable–we work hard with our lenders to explore all possible options, and to get you the lowest rates that we can
Can I get a loan for a new or used car?
Either! It may be easier for you to secure financing on a used car loan because the total amount will be less, but it varies by situation. However, our credit team will work with you whether you’re shopping new, used, or Certified Pre-Owned
I have no credit, how can I be approved for financing?
No credit doesn’t mean bad credit in our eyes–we love to work with first-time buyers and with students to show them how to get off on the right financial foot from the get-go. The process for application is the same
What are the monthly payments for a bad-credit car loan?
Payments vary based on model, year, mileage, condition, term length, financing rate, downpayment, and more. If you have a specific budget that you need to stick with, we’ll do everything that we can to help you meet it. Use our estimation tool to see roughly what your monthly payments might look like
How do I get started?
This one’s easy–fill out the application on this page to get pre-approved for financing. We’ll take care of the rest. If you’re concerned about a credit check right now, ask Balise Toyota if you could pre-qualify for financing before you decide to go through to the application.